Title: The accentuating prospects of Devenahalli
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The accentuating prospects of Devenahalli.
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Accentuating prospects of Devenahalli
- If you think Jayanagar 4th Block, Commercial
street, M G Road and Brigade road are few of the
shopping centres of the city of Bangalore you
will be slightly wrong. - The reason is the prospects of North Bangalore
are on a high stride of development because of
the Bangalore International Airport and the
improvement of infrastructure in the adjoining
areas.
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- There is another reason apart from the IT Parks
and SEZs coming up in the area and that is the
growing development of Devenahalli. Devenahalli
is very high on the track of development because
of the proposed ITIR (Information Technology
Investment Region) which is planned to be a space
dedicated for the IT offices and companies. - Naturally with all this development in the
offing, Hebbal and the adjoining areas like
Yelahanka and others have gained an exceptional
importance with many offices and multinationals
booking offices on the airport road.
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- This gives them the superb connectivity to the
central Business districts of the city as well as
the connection to the Outer Ring Road (ORR) and
they are close to the airport as well. - The city has been slowly realizing the importance
of the airport in the vicinity and thus today the
stretch to the Airport from Hebbal flyover is
dotted with offices, malls and various other
social infrastructure amenities and centres. - That is not all the media also reported that
there is another plan of Rs. 1000 crore financial
city to be coming up in Devenahalli which is also
a part of the plan.
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- Apart from this there are many major IT industry
players who are planning to build up their
offices nearby. This will inevitably force the
growth of the place along the corridor of the
Ring Road from Hebbal and the road to the
airport. - This is enough for the investors attempting to
invest in land and property in and around this
area. Not only that from the perspective of
building a home as well the area throws up great
reasons for staying with all the infrastructure
at arms length. - Along with this there were plans of the state
government to convert the Devenahalli-Hebbal
stretch in to a signal free carriage way for
faster access to the international Airport.
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- With such monumental projects in the offing by
the government to make Devenahalli an IT
investment region and the construction work is
already on to a great extent. - There are many major companies of the world and
the nation who has agreed to set up their
offices. The next is the international Airport
and the next reason would be the infrastructure
and connectivity improvement of the place. - All these have made the place an attractive
location for the corporates not only for the IT
sector alone but for all the industries who have
set up or have planned to set up their offices.
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- The expert say that after the completion of all
the proposed developments the picture of North
Bangalore will change drastically and the land
and property prices in and around the place will
soar higher than any other areas of Bangalore. - To name one of the major IT Parks near Hebbal
would be Manyata Embassy Business Park which is
an IT SEZ located close to Hebbal flyover and on
the Outer Ring Road. - This had been planned under National Highway
Development Programme (NHDP) which is almost
completed and this has also made the traffic
congestion lessen to a considerable degree.
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- North Bangalore is an area on the East of
Bangalore and all of us know that the area is
famous for its concentration of IT companies in
different IT parks and Special Economic Zones. - Undoubtedly North Bangalore has all types of
realty products and apartments and villas
catering to all the segments of the market. - The next comes the mid income segment of housing
which is again driven by the IT and the ITeS
sector employees. - But the west on the other hand has not been so
successful in attracting high end realty
apartments or villas mainly due to the
infrastructure bottlenecks. This area is mainly
the industrial hub of the town with of course
many residential areas popping up in the last
decade or so.
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